Intel stock jumped nearly 5% in overnight trading after Apollo Global Management LLC has offered to make an investment in Intel as much as $5 billion, Bloomberg News reported Sunday.
The report comes days after the Wall Street Journal reported Qualcomm has recently approached rival Intel about a potential takeover.
ZEEKR stock rose 3.6% in overnight trading after the company has officially launched the Zeekr 7X electric SUV (sport utility vehicle), its second model for the mainstream EV market, to target family users.
The five-seat SUV has a starting price of RMB 229,900 ($32,590), which is RMB 9,100 lower than the pre-sale price of RMB 239,000, and lower than the Model Y's RMB 249,900 starting price in China.
Faraday Future Intelligent Electric Inc. stock rose 2.4% in overnight trading. Struggling upstart Faraday Future announced a second brand, namely Faraday X and the first vehicles of the brand, dubbed FX5, with an estimated price range of 20,000-$30,000, and FX 6, with an expected price range of $30,000-$50,000, will likely come with range-extended AIEV and battery-electric AIEV. The company plans to start production by the end of 2025, subject to securing necessary funding.